2005
2006 3 24
............................................................................................................... 1
............................................................................... 2
............................................................................................................ 4
.......................................................................... 4
................................................. 5
.......................................... 5
.......................................... 5
.................................................................................... 6
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.......................................................................................... 28
.................................................................................. 29
.................................................................................................... 29
........................................................................................................ 32
1
1
2
3 : 519003
4
5 2004 3 12
6 8,424,055,681.20
7
8
9
1
2
3
×40%+ ×60%
4
1
2 88 37
3 88 37
4 : 200121
5 http://www.hftfund.com
6
7
8
9 021-50471758-591
2
10 021-50479057
11 wrxi@hftfund.com
1
2 1
3 1
4 : 100818
5 http://www.bank-of-china.com
6
7
8 010 66594977
9 010 66594942
10 tgxxpl@bank-of-china.com
http://www.hftfund.com
1
202 11
2
27 23
2005 2004 1
-273,087,668.25 -283,212,006.32
2
-0.0278 -0.023
3
-417,339,240.84 -629,315,846.17
4 -0.0495 -0.055
5
8,069,045,070.66 10,771,429,021.30
6
0.958 0.945
7
-2.95% -2.33%
8
1.38% -5.50% 3
9
-4.20% -5.50%
2004 3 12 2004 2004
3 12 2004 12 31
1
1
2 3 4 (1) (3) (2) (4)
-0.10% 0.44% 0.44% 0.37% -0.54% 0.07%
4.24% 0.52% 5.19% 0.47% -0.95% 0.05%
1.38% 0.70% 5.10% 0.55% -3.72% 0.15%
-4.20% 0.59% -7.35% 0.55% 3.15% 0.04%
2
2004 3 12 2005 12 31
1 6
2 2004 3 12
2005 4
4
3
2004 3 12 12 31
10
2004
2005
[2003]48 2003 4 1
5
2003 4 2004 2 2004 3
2004 9 2005 4 2006 2 2006 3
2005 1.38% 3.72% 8.33%
2005 60%
IT 15%-20%
A 3G 6
A 2006
2006 G IPO G QFII A A
2006
2005
7
2004 3 12 2 < >
1
1
2
3
2 2005
1
2
3
3
2006 3 24
8
(2006) 155
( )2005
12 31 2005
2005 12 31 2005
·
2006 2 28
9
2005 12 31 2004 12 31
234,406,310.61
500,173,222.73
3,640,971.69
-
11
1,744,225.42
1,281,303.49
22,946,477.56
59,274,028.58
1
20,867,914.11
75,039,252.90
6,619.34
79,310.35
4,390,203,005.85
5,035,376,893.70
4,382,259,078.52
5,410,441,916.26
2,796,388,820.50
5,143,128,270.52
2,809,663,896.08
5,182,648,882.87
0.00 0.00
0.00 0.00
650,000,000.00
-
8,120,204,345.08
10,814,352,282.27
2,867,817.08
-
35,268,164.81
22,416,917.42
132,366.58
49,985.06
7,260,699.80
14,006,030.88
1,698,844.98
2,334,338.49
3
1,861,948.17
2,762,310.52
4
1,848,939.32
937,238.00
5
220,493.68
416,440.60
51,159,274.42
42,923,260.97
6
8,424,055,681.20
11,400,744,867.47
/( ) 2
62,328,630.30
(368,109,555.90)
(417,339,240.84)
(261,206,290.27) 10
8,069,045,070.66
10,771,429,021.30
(2005 0.958 )
(2004 0.945 )
8,120,204,345.08
10,814,352,282.27
2004 3 12
( )
2004 2005 12 31
7
(448,403,452.65)
(332,460,198.28)
8
61,616,743.44
6,239,670.35
15,939,419.10
-
95,611,646.15
123,587,833.97
4,277,159.42
35,415,109.75
125,211,980.07
39,648,188.87
8,457,750.54
12,155,929.16
9
3,292,932.77
3,499,100.28
(133,995,821.16)
(111,914,365.90)
12
(115,034,354.60)
(146,339,945.46)
(23,295,394.72)
(24,389,990.83)
(184,508.22)
(60,591.78)
10
(577,589.55)
(507,112.35)
(164,053.08)
(256,440.60)
(160,000.00)
(160,000.00)
(139,091,847.09)
(171,297,640.42)
(273,087,668.25)
(283,212,006.32)
/( ) 2
409,254,486.66
(414,585,634.91)
11
136,166,818.41
(697,797,641.23)
(273,087,668.25)
(283,212,006.32)
/
(261,206,290.27)
-
/
(15,488,526.10)
(1,811,509.69)
/
132,443,243.78
23,817,225.74
(417,339,240.84)
(261,206,290.27)
/
-
-
(417,339,240.84)
(261,206,290.27)
2004 3 12
( )
2004 2005 12 31
/
10,771,429,021.30
13,073,674,692.30
/
(273,087,668.25)
(283,212,006.32)
/( )
409,254,486.66
(414,585,634.91)
136,166,818.41
(697,797,641.23)
/
375,110,924.27
359,337,228.98
-
-
(3,213,661,693.32)
(1,963,785,258.75)
(2,838,550,769.05)
(1,604,448,029.77)
/
-
-
/
8,069,045,070.66
10,771,429,021.30
12
( ) ( ) [2004 ] 8 ( ) 2004 3 12
13,066,513,423.19 (2004) 38
0-80% 20-100% 0-3% 5%
( )
( )
1 1 12 31 2004
3 12 ( ) 2004 12 31
( )
13
( )
( )
(i)
(ii)
(iii)
( )
(iv) /( )
(v)
( )
(i)
/( )
14
(ii)
/( ) /( )
(iii)
( )
( ) /( )
/( )
/( ) /( ) /( )
( )
1.5%
15
180 60% ( ) 0.920
0.25%
( )
( )
1.00
( ) /( )
/( ) /( ) /( )
/( ) /( ) /( )
( )
16
/( ) /( )
[2002]128 [2004]78 [2005]11 ( ) [2005]102 [2005]103
(a)
(b) 2004 1 1
(c) 20%
2005 6
13 50%( 100%) 20%
(d) 2005 1 24 0.2% 2005
1 24 0.1%
(e)
17
(a)
( )
( )
(Fortis Investment Management S.A.)
(b)
2005
2,310,339,501.28 17.44% 1,104,843,825.78 27.61% 1,834,757.49 17.45%
2004 3 12 ( ) 2004 12 31
2,190,743,033.07 18.92% 184,998,041.88 11.72% 1,757,338.06 18.76%
(c)
( ) 1.5% X 1.5% /
115,034,354.60 (2004 146,339,945.46 )
(d)
18
0.25%
X 0.25% /
23,295,394.72 (2004 24,389,990.83 )
(e)
2005 12 31 234,406,310.61 (2004 500,173,222.73
) 3,919,205.73 (2004 35,415,109.75 )
(f)
2005 2004 3 12
( ) 2004
12 31
111,577,842.39 4,168,537,471.65
1,985,913,281.30 1,405,510,945.20
- 202,500,000.00
- 90,875.34
- 29,992,808.22
(g)
1
2005 12 31 2004 12 31
20,646,499.48 74,908,668.65
141,978.52 -
77,735.41 130,584.25
1,638.40 -
62.30 -
20,867,914.1175,039,252.90
19
2 /( )
/( )(a)
/( )
2004 12 31 (414,585,634.91) 46,476,079.01 (368,109,555.90)
409,254,486.66 - 409,254,486.66
- (5,244,787.59) (5,244,787.59)
- 26,428,487.13 26,428,487.13
2005 12 31 (5,331,148.25) 67,659,778.55 62,328,630.30
(a) /( )
2005 12 31 2004 12 31
7,943,927.33 (375,065,022.56)
(13,275,075.58) (39,520,612.35)
(5,331,148.25)(414,585,634.91)
3
2005 12 31 2004 12 31
930,035.00 -
345,534.15 352,476.59
212,091.21 356,786.81
139,473.46 374,082.04
33,636.42 356,477.48
15,545.08
6,393.52 199,677.16
- 320,191.38
- 180,543.59
179,239.33 622,075.47
1,861,948.172,762,310.52
4
2005 12 31 2004 12 31
1,348,939.32 437,238.00
500,000.00 500,000.00
20
1,848,939.32937,238.00
5
2005 12 31 2004 12 31
160,000.00 160,000.00
60,493.68 256,440.60
220,493.68416,440.60
6
2004 12 31 11,400,744,867.47 11,400,744,867.47
395,844,237.96 395,844,237.96
(3,372,533,424.23) (3,372,533,424.23)
2005 12 31
8,424,055,681.20 8,424,055,681.20
7
2005 2004 3 12
( ) 2004
12 31
7,099,119,492.21 2,992,861,089.52
(5,965,765.27) (2,520,301.87)
(7,541,557,179.59) (3,322,800,985.93)
(448,403,452.65)(332,460,198.28)
27,448,949.29 (2004 )
8
2005 2004 3 12 ( ) 2004 12 31
10,972,863,915.20 8,839,606,379.09
(160,584,052.25) (97,389,894.70)
(10,750,663,119.51) (8,735,976,814.04)
61,616,743.446,239,670.35 21
9
2005 2004 3 12
( ) 2004
12 31
(a) 3,058,615.93 1,344,721.58
(b) 216,974.28 420,867.94
17,342.56 174,874.87
- 255,532.88
- 1,247,000.00
- 56,103.01
3,292,932.773,499,100.28
(a) 25%
(b) 25%
10
2005 2004 3 12
( ) 2004
12 31
164,053.08 256,440.60
160,000.00 160,000.00
155,940.37 -
31,480.00 44,340.00
66,116.10 46,331.75
577,589.55507,112.35
11
2005 12 31 2004 12 31
1,605,676.30 1,281,303.49
138,549.12 -
1,744,225.421,281,303.49
12
22
1.5% 2005 12 31 0.928 (2004 0.920 )
(a)
2005 12 31
600036
05/12/19 6.5806/01/04 7.23 32,278,161 205,909,443.22 212,390,299.38
000970
05/12/23 6.9806/01/05 7.68 10,000,000 66,019,706.48 69,800,000.00
600337
05/12/19 5.1906/01/04 5.47 4,167,138 25,491,810.35 21,627,446.22
600529
05/12/23 6.3706/01/06 6.97 3,000,000 21,080,491.31 19,110,000.00
000739
05/12/23 4.4406/01/05 4.56 3,680,000 16,850,428.50 16,339,200.00
600598
05/12/07 4.0906/01/04 3.30 17,660,000 95,430,735.45 72,229,400.00
600880
05/12/21 12.0606/01/18 10.90 3,640,439 42,345,746.72 43,903,694.34
600591
05/12/26 3.4606/02/14 2.80 8,000,000 29,630,753.09 27,680,000.00
000806
05/12/01 4.0006/01/09 2.80 64,500 255,284.60 258,000.00
503,014,399.72 483,338,039.94
(b)
(1) 2005 12 31
23
110036
05/12/19 106.7306/01/04 116.83 3,000,000310,311,383.01 320,190,000.00
(2) 2005 12 31
058036
05 05/12/28 06/01/11 06/01/11 100.00 100.00 70,000 7,000,000.007,000,000.00
4,390,203,005.85 54.07%
2,796,388,820.50 34.44%
238,047,282.30
2.93%
22,946,477.56 0.28%
0.00 0.00%
672,618,758.87 8.28%
8,120,204,345.08 100.00%
A
78,825,607.50 0.98%
B
665,008,529.56 8.24%
C
1,308,834,730.09 16.22%
C0
173,666,699.32 2.15%
C1
39,600,000.00 0.49%
C2
21,627,446.22 0.27%
C3
24,895,000.00 0.31%
C4
380,775,646.88 4.72%
24
C5
0.00 0.00%
C6
253,710,000.00 3.15%
C7
196,430,506.27 2.43%
C8
218,129,431.40 2.70%
C99
0.00 0.00%
D 478,390,740.76 5.93%
E
0.00 0.00%
F
554,336,630.55 6.87%
G
565,367,634.47 7.01%
H
561,824.00 0.01%
I
289,790,299.38 3.59%
J
0.00 0.00%
K
229,332,315.20 2.84%
L
219,754,694.34 2.72%
M
0.00 0.00%
4,390,203,005.85
54.41%
( )
%
1 600050
150,000,000420,000,000.00 5.21%
2 600028
89,668,166417,853,653.56 5.18%
3 600900 G
51,330,845355,209,447.40 4.40%
4 600009
20,000,000288,400,000.00 3.57%
5 600309
16,400,000230,420,000.00 2.86%
6 600036
32,278,161212,390,299.38 2.63%
7 600583
8,000,000205,760,000.00 2.55%
8 600037
11,700,000175,851,000.00 2.18%
9 600019 G
40,000,000164,800,000.00 2.04%
10 000792
9,895,775114,395,159.00 1.42%
11 600008
20,000,000111,800,000.00 1.39%
12 000088
9,000,00088,830,000.00 1.10%
13 600085 G
6,040,50084,023,355.00 1.04%
14 600030 G
15,000,00077,400,000.00 0.96%
15 600598
17,660,00072,229,400.00 0.90%
16 000970
10,000,00069,800,000.00 0.87%
17 600519
1,494,88668,196,699.32 0.85%
18 600886 G
11,880,00065,934,000.00 0.82%
19 600662
16,665,00065,493,450.00 0.81%
20 000541
6,000,00061,020,000.00 0.76%
21 000858
8,000,00058,080,000.00 0.72% 25
22 600718
7,385,90057,831,597.00 0.72%
23 000581
10,000,00057,600,000.00 0.71%
24 600377
8,880,00056,654,400.00 0.70%
25 600029
21,051,29055,785,918.50 0.69%
26 600521 G
5,000,00048,800,000.00 0.60%
27 000729
7,000,00047,390,000.00 0.59%
28 600276
3,000,00044,250,000.00 0.55%
29 600880
3,640,43943,903,694.34 0.54%
30 000726
6,000,00039,600,000.00 0.49%
31 600875
2,993,64337,151,109.63 0.46%
32 600406
2,324,23335,653,734.22 0.44%
33 000400 G 6,877,74430,949,848.00 0.38%
34 600323
3,342,45429,547,293.36 0.37%
35 600271
1,582,88628,523,605.72 0.35%
36 600642 G
5,000,00027,700,000.00 0.34%
37 600591
8,000,00027,680,000.00 0.34%
38 600963 G
6,500,00024,895,000.00 0.31%
39 000538
1,194,05224,716,876.40 0.31%
40 600087 G
6,696,95523,506,312.05 0.29%
41 000997 G
2,712,97323,358,697.53 0.29%
42 000888
4,274,19523,166,136.90 0.29%
43 600348 G 2,397,81221,868,045.44 0.27%
44 600337
4,167,13821,627,446.22 0.27%
45 600596
2,000,00021,460,000.00 0.27%
46 000983 G
3,462,20419,526,830.56 0.24%
47 600529
3,000,00019,110,000.00 0.24%
48 000978
3,000,00018,450,000.00 0.23%
49 000739
3,680,00016,339,200.00 0.20%
50 600125
2,000,00013,480,000.00 0.17%
51 600636
1,182,03712,163,160.73 0.15%
52 600312
1,423,4269,451,548.64 0.12%
53 600258
1,222,8078,437,368.30 0.10%
54 600467
962,9506,596,207.50 0.08%
55 600078
502,6512,337,327.15 0.03%
56 600054
215,8001,985,360.00 0.02%
57 600631
70,300 378,214.00 0.00%
58 000806
64,500 258,000.00 0.00%
59 600825
43,000 183,610.00 0.00%
4,390,203,005.85 54.41%
26
( ) 2 20
1 600028 503,913,678.14 4.68%
2 600050 446,162,303.92 4.14%
3 600900 G
418,329,401.63 3.88%
4 600019 G 414,807,073.23 3.85%
5 600009 342,799,069.01 3.18%
6 600036 313,688,034.73 2.91%
7 000039 258,560,659.50 2.40%
8 600029 186,494,609.25 1.73%
9 000792 145,209,360.43 1.35%
10 600717 G
132,465,992.41 1.23%
11 600309 131,528,758.76 1.22%
12 600519 114,305,676.25 1.06%
13 600583 111,943,443.96 1.04%
14 600037 104,889,552.03 0.97%
15 600008 99,034,088.28 0.92%
16 000063 94,034,610.87 0.87%
17 000069 89,795,621.98 0.83%
18 600428 G
89,533,395.20 0.83%
19 600104 G
89,297,555.91 0.83%
20 000858 84,526,813.69 0.78%
2 20
1 600019
415,133,714.94 3.85%
2 600900 G
370,046,577.85 3.44%
3 000063
360,254,554.79 3.34%
4 000039
346,588,383.99 3.22%
5 600036
316,685,545.83 2.94%
6 600028
296,332,859.85 2.75%
7 600009
292,902,179.13 2.72%
8 600717 G
263,161,344.46 2.44%
9 600026
241,612,514.49 2.24%
10 600018 G
191,545,152.06 1.78%
11 600005
172,851,807.95 1.60%
12 600320
161,740,046.77 1.50%
13 000402
157,803,616.83 1.47%
27
14 600660
147,163,521.52 1.37%
15 600583
129,311,657.36 1.20%
16 000069
118,375,738.12 1.10%
17 600011
112,739,625.49 1.05%
18 600500
110,215,778.25 1.02%
19 600029
102,929,092.00 0.96%
20 000651
100,800,385.44 0.94%
6,540,823,291.14 -448,403,452.65
1
906,932,650.00 11.24%
2
821,091,400.00 10.18%
3
132,796,194.52 1.65%
4
276,765,506.98 3.43%
5
658,803,069.00 8.16%
6
0.00 0.00%
2,796,388,820.50 34.66%
1 02 403,864,200.00 5.01%
2
320,190,000.00 3.97%
3 04 01 305,520,000.00 3.79%
4 21 295,496,600.00 3.66%
5 05 14 229,839,000.00 2.85%
1
2
3
1,744,225.42
28
20,867,914.11
6,619.34
650,000,000.00
672,618,758.87
4
/
1 110036
320,190,000.00 3.97%
2 110001
177,226,479.20 2.20%
3 125488
72,427,282.20 0.90%
4 100726
57,401,307.60 0.71%
5 125822
31,558,000.00 0.39%
5
( )
1 580000 JTB1
9,488,616.00 0.00 0.00
170,728
49,341.97
8,424,055,681.20 100%
1,414,761,118.51 16.79%
7,009,294,562.69 83.21%
29
2005 10 14 Mr.
Dennis Ziengs 2005
2005 4 21
160,000
1
2 2,310,339,501.2817.44% 1,104,843,825.78 27.61%
13,073,674,692.30
11,400,744,867.47
395,844,237.96
3,372,533,424.23
8,424,055,681.20 30
2
2 1,521,053,630.1011.48% 251,770,454.40 6.29%
3
1 426,912,584.643.22% 110,573,005.90 2.76%
4
1 215,761,978.191.63% 30,676,408.72 0.77%
5
1 856,062,468.806.46% 157,639,978.50 3.94%
6
2 1,149,391,964.638.68% 321,488,705.10 8.03%
7
1 1,214,388,513.789.17% 727,472,439.80 18.18%
8
1 1,227,209,007.789.27% 662,091,664.90 16.54%
9
2 753,173,912.805.69% 56,348,529.56 1.41%
10
1 558,527,719.304.22% 254,415,047.90 6.36%
11
1 1,166,625,502.708.81% 14,392,700.70 0.36%
12
1 459,492,860.053.47% 73,079,318.30 1.83%
13
1 1,385,697,561.1810.46% 237,059,874.40 5.92%
14
1 -- - -
13,244,637,205.23100.00% 4,001,851,953.96 100.00%
1 2,292,600,000.00 11.39% - - 1,834,757.49 17.45%
2 2,264,000,000.00 11.25% - - 1,208,006.71 11.49%
3 1,777,400,000.00 8.83% - - 331,215.20 3.15%
4 - - - - 168,835.16 1.61%
5 2,104,900,000.00 10.46% - - 679,426.33 6.46%
6 720,000,000.00 3.58% - - 912,650.71 8.68%
7 2,756,000,000.00 13.70% - - 961,013.37 9.14%
8 1,434,400,000.00 7.13% - - 986,336.85 9.38%
9 2,231,400,000.00 11.09% 15,955,374.48 100.00% 599,042.89 5.70%
10 300,000,000.00 1.49% - - 452,446.37 4.30%
11 - - - - 912,892.20 8.68%
12 712,900,000.00 3.54% - - 369,054.24 3.51%
13 3,527,800,000.00 17.53% - - 1,099,126.02 10.45%
14
- - --
20,121,400,000.00 100.00% 15,955,374.48 100.00% 10,514,803.54 100.00%
1
2
<1>
31
200
<2>
<3>
<1> 2005 1 22 2005 7 30 2005 9 7
<2> 2005 1 26
<3> 2005 1 27
<4> 2005 3 18
<5> 2005 1 26 3 18 6 29 7 18
<6> 2005 4 15 10 15
<7> 2005 4 18 4 18 2005 4 17 0.920 2005 10 13 0.928 2004 10 18
2005 4 16 60%
<8> 2005 4 20
32
<9> 2005 5 24
<10> 2005 7 30
<11> 2005 8 24
<12> 2005 9 1
<13> 2005 10 28
88 37
33
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